Key Market Indicators
Morocco's vehicle registration is projected to hit approximately 3.1 million units by 2028, up from about 1.7 million units in 2023. This represents an average annual growth rate of 9.3%. Since 2010, the Moroccan market has experienced significant growth, increasing by nearly 58% each year. In 2023, Morocco ranked 25th in vehicle registration, with Norway leading at 1.7 million units. Canada, China, and Austria followed in the second, third, and fourth positions, respectively. On the production front, Morocco is expected to manufacture around 522,000 vehicles by 2028, up from approximately 442,000 units in 2023. This marks an average annual growth rate of 2.7%. Since 2004, Moroccan vehicle production has risen by about 1.9% annually. In 2023, Morocco held the 25th spot in vehicle production, with Romania slightly ahead at 442,000 units. The United States, Japan, and Germany occupied the second, third, and fourth ranks, respectively.
